Q371
A company cannot issue redeemable preference shares for a period exceeding
A.
10 years
B.
20 years
AnswerC.
30 years
D.
15 years
Answer: Option B
Solution
Answer: Option B
Solution:
A company cannot issue redeemable preference shares for a period exceeding 20 years. A company may issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue under section 55 of the Companies Act 2013.